Silal To Become Leading Fresh Produce Supplier In UAE With Al Bakrawe Stake

Silal, a prominent food and technology company in the UAE, has announced its acquisition of a majority stake in Al Bakrawe Holding. Al Bakrawe is a key regional player in importing, exporting, and distributing fresh fruits and vegetables. This acquisition positions Silal as one of the largest and most innovative suppliers of fresh produce in the UAE.

The integration of Al Bakrawe’s global sourcing network with Silal’s local farm connections enables Silal to offer a diverse range of high-quality fruit and vegetable products throughout the year. This move highlights Silal's dedication to becoming the preferred supplier for wholesalers, retailers, and food service clients in the region.

Salmeen Alameri, Chief Executive Officer of Silal, remarked on the significance of this agreement. He said, "Entering into this agreement with Al Bakrawe Holding marks a significant milestone for Silal as we expand our footprint in the fresh produce market. This strategic acquisition strengthens our regional presence and enhances our ability to deliver the highest quality products to our consumers. By integrating Al Bakrawe Holding's robust supply chain capabilities and leveraging their extensive industry expertise, we have strengthened our position to address the growing demands of our market, underscoring our unwavering ambitions toward a sustainable food ecosystem, prioritizing quality, reliability and innovation. We look forward to the opportunities this acquisition will present as we continue to set new standards in the industry."

This acquisition is not Silal's first; it follows similar moves where Silal acquired majority stakes in SAFCO International and Sherwood. SAFCO International specialises in distributing food and beverages within the UAE, while Sherwood leads in agricultural products and pest management solutions.

Ammar Bakri, Group Chief Executive Officer of Al Bakrawe Holding, expressed his enthusiasm for the partnership. He stated, "We are pleased to announce our collaboration with Silal, a company that shares our vision for innovation and excellence in the food sector. This partnership enhances our supply chain capabilities and expands our market reach, allowing us to continue providing our customers with the highest quality fresh produce while contributing to developing a sustainable food ecosystem in the UAE and the region."

Commitment to Quality and Sustainability

The transaction underscores Silal’s commitment to sustainability by ensuring a steady supply of fresh produce that meets high-quality standards. The combined expertise from both companies aims to meet increasing market demands efficiently.

Completion of this transaction is pending customary closing conditions such as regulatory approvals. Once finalised, it will further solidify Silal's position as a leader in the fresh produce market.

This strategic move by Silal signifies its ongoing efforts to innovate within the food sector while maintaining a focus on quality and sustainability. The collaboration with Al Bakrawe Holding is expected to bring new opportunities for growth and development within the industry.

With inputs from WAM